On Holding AG (ONON) concluded trading on Thursday at a closing price of $50.38, with 4.78 million shares of worth about $240.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.96% during that period and on November 07, 2024 the price saw a gain of about 5.91%. Currently the company’s common shares owned by public are about 284.22M shares, out of which, 189.58M shares are available for trading.
Stock saw a price change of 6.24% in past 5 days and over the past one month there was a price change of -1.12%. Year-to-date (YTD), ONON shares are showing a performance of 86.80% which increased to 75.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.15 but also hit the highest price of $52.80 during that period. The average intraday trading volume for On Holding AG shares is 4.46 million. The stock is currently trading 3.60% above its 20-day simple moving average (SMA20), while that difference is up 3.32% for SMA50 and it goes to 28.41% higher than SMA200.
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On Holding AG (NYSE: ONON) currently have 284.22M outstanding shares and institutions hold larger chunk of about 55.03% of that.
The stock has a current market capitalization of $16.13B and its 3Y-monthly beta is at 2.22. PE ratio of stock for trailing 12 months is 94.20, while it has posted earnings per share of $0.53 in the same period. Its PEG reads 3.93 and has Quick Ratio of 2.18 while making debt-to-equity ratio of 0.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ONON, volatility over the week remained 3.81% while standing at 3.22% over the month.
Stock’s fiscal year EPS is expected to rise by 148.41% while it is estimated to increase by 8.01% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on November 06, 2024 offering an Outperform rating for the stock and assigned a target price range of between $47 and $53 to it. Coverage by BofA Securities stated On Holding AG (ONON) stock as a Neutral in their note to investors on September 23, 2024, suggesting a price target of $55 for the stock. On September 05, 2024, HSBC Securities Initiated their recommendations, while on August 23, 2024, Piper Sandler Resumed their ratings for the stock with a price target of $52. Stock get an Outperform rating from Raymond James on July 31, 2024.
